Aditya Birla Sun Life Amc

Aditya Birla Sun Life tanks 12% in 2 days; stock hits record low

Finance Bill 2023 has introduced an amendment that will classify capital gains arising from debt mutual funds as only short-term capital gains.

Adani Ports repays Rs 1,500 cr to SBI Mutual Fund, Aditya Birla Sun Life

Adani Ports and Special Economic Zone has repaid Rs 1,500 crore loan and will repay another Rs 1,000 crore in commercial papers due in March. The Adani Group firm paid Rs 1,000 crore to SBI Mutual Fund and Rs 500 crore to Aditya Birla Sun Life Mutual Fund on commercial papers that matured on Monday, as scheduled. "This part prepayment is from the existing cash balance and funds generated from the business operations," a company spokesperson said. "This underscores the confidence which the market has placed on the prudent capital and liquidity management plan for the group." An SBI MF spokesperson said it has no further exposure. "SBI MF had an exposure of around Rs 1,000 crore to Adani Group, which has been repaid on maturity. We have no further exposure to the Adani Group," the spokesperson said.

Aditya Birla Sun Life AMC collects Rs 1,574 cr via new fund offering

Aditya Birla Sun Life AMC on Tuesday said it has collected Rs 1,574 crore through its newly launched multi-asset allocation fund. The new open-ended scheme-- Aditya Birla Sun Life Multi Asset Allocation Fund -- which invests in equity, fixed income, gold, silver and real estate investment trusts (REITs) was launched on January 11. "The NFO (new fund offering) managed to garner high investor interest with investments from over 70,000 investors and collected Rs 1,574 crore as on January 31, 2023," the asset management company said in a statement. The multi-asset allocation category has emerged as a popular investment option for investors seeking asset class diversification along with a stable investment solution. A Balasubramanian, MD and CEO of Aditya Birla Sun Life AMC, said market volatility can be a challenge for investors, however the multi-asset allocation fund can provide a stable investment solution. "The fund's portfolio construction is unique and has a high focus on qualit

Aditya Birla Sun Life AMC Q3 profit after tax declines 11% to Rs 166 crore

Aditya Birla Sun Life AMC on Friday reported an 11 per cent decline in profit after tax (PAT) to Rs 166.3 crore for three months ended December 2022. In comparison, the company had posted a PAT of Rs 186.2 crore in the same quarter of the preceding fiscal, the asset management firm said in a regulatory filing. However, Its total income rose to Rs 363.17 crore in the quarter under review from Rs 353 crore a year ago. ABSL AMC is the fourth largest asset management company in India with quarterly average assets under management of Rs 2.82 lakh crore. Aditya Birla Sun Life AMC -- a joint venture between Aditya Birla Capital and Sun Life (India) AMC Investments Inc -- is primarily the investment manager of Aditya Birla Sun Life Mutual Fund.

IT may turn the corner, banks' outperformance to continue: ABSL AMC CEO

India is likely to see broader economic growth going forward, equity should be the preferred asset class, the Aditya Birla Sun Life Asset Management Company CEO says

Aditya Birla Sun Life AMC can now act as registered fund management entity

Aditya Birla Sun Life AMC on Tuesday said it has received an approval from IFSCA to act as a registered fund management entity and carry out Alternative Investment Fund (AIF) and Portfolio Management Services (PMS). The approval has been granted by the International Financial Services Centres Authority (IFSCA) on November 28, the asset management firm said in a statement. The firm can carry out services through a branch office in International Financial Services Centre (IFSC) in Gujarat's GIFT City. The company's move to set up a new unit at the Gujarat International Finance Tec-City (GIFT City) is a strategic step towards the growth of its international business, to expand its reach and service global clients, including NRIs for investing in India. "GIFT City is emerging as a financial gateway of a country for investment in India and globally. Our international business at GIFT City will be an integral part of that journey. In a phased manner, India's dedicated institutional manda

Aditya Birla Sun Life AMC Sept quarter PAT rises 11% to Rs 191 cr

Aditya Birla Sun Life AMC on Thursday reported an 11 per cent rise in profit after tax (PAT) to Rs 191.68 crore for the September 2022 quarter. The company had posted a PAT of Rs 173.07 crore in the same quarter of the preceding fiscal, the fund house said in a regulatory filing. Its total revenue rose to Rs 387.66 crore in the period under review from Rs 372.2 crore a year ago. Also, the company's board of directors has approved the appointment of Vishakha Mulye as an additional director (non-executive). The asset management firm serviced around 8.1 million investor folios and had total assets under management of over Rs 2.94 lakh crore in the quarter ended September 30. Aditya Birla Sun Life AMC, co-owned and backed by Aditya Birla Group and Sun Life Financial Inc of Canada, got listed on the stock exchanges in October 2021. Shares of the company closed 1.44 per cent up at Rs 433.50 apiece on BSE.

DIIs have been circumspect about market rally: Aditya Birla MF CIO

"Correlation of Indian markets with Chinese equities has fallen sharply in recent months", says Mahesh Patil

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Check the return for your age, tenure, and premium variant, and if proceeds will be tax-free

Found no merit in whistleblower complaints, says Aditya Birla Capital

A news report on Monday said a 16-page whistleblower complaint alleging corruption, insider trading and front running at Aditya Birla MF was sent to the board of Aditya Birla Capital

Listed AMCs see a muted January-March quarter due to pressure on yields

UTI AMC saw its profit after tax drop 60 per cent year-on-year (YoY), while Aditya Birla Sun Life AMC saw its profits increase just 1 per cent

Aditya Birla Sun Life AMC quarterly profit rises to Rs 158.5 crore

In comparison, the company had posted a Profit After Tax (PAT) of Rs 156.7 crore in the year-ago period, according to a filing to the stock exchanges

Budget 2022 can enhance sectors with multiplier effect, says Mahesh Patil

Given the rally in the markets in 2021, easy money has already been made, says Patil

Nippon MF, Birla Sun Life receive approval to start PMS at GIFT City

With this, AMCs will be able to offer global funds, NRIs and others investing into India investment management and advisory services

Aditya Birla Sun Life's new fund collects over Rs 2,200 crore

Aditya Birla Sun Life Mutual Fund has collected over Rs 2,200 crore from over 1.18 lakh applications for its business cycle fund, which is an open-ended equity scheme following business cycle-based investing theme. The fund was open from November 15-29, and was later reopened for subscription and has so far collected over Rs 2,200 crore, the fund house said without disclosing the current asset under management (AUM) of the fund. A Balasubramanian, MD & CEO of Aditya Birla Sun Life AMC, said the fund has attracted over 1,17,800 applications, covering more than 10,500 pin codes across T30 (top 30 cities), B30 (beyond the top 30) and emerging markets. With collection of over Rs 2,200 crore, it is one of the largest funds within this category of thematic schemes. Economic cycles are divided into four phases -- expansion, peak, contraction and slump, which all impact the markets. This fund factors in both the macroeconomic phases, as well as the industry-specific developments in its ..

ABSL AMC's Bhupesh Bameta beats benchmark with a highly liquid portfolio

Bameta is a fund manager and an economist with Aditya Birla Sun Life Asset Management Company (AMC) and manages the Aditya Birla Sun Life Income Fund

HDFC AMC, Aditya Birla Sun Life AMC hit 52-week lows in a firm market

Shares of Aditya Birla Sun Life AMC hit a low of Rs 569, its lowest level since listing on October 11, 2021

Aditya Birla Sun Life AMC second quarter profit up 38% to Rs 173 cr

The company had posted a profit after tax of Rs 125.4 crore in the year-ago period

Aditya Birla Sun Life AMC standalone net profit rises 35.85% in the September 2021 quarter

Sales rose 29.54% to Rs 324.39 crore in the quarter ended September 2021

Market boom delivers a huge boost to returns of special situation funds

Boost in special situation funds: The strategy adopted by these funds isn't strictly contrarian; the fund manager will also look for triggers or opportunities that could make certain stocks attractive